NRL 0.00% 4.7¢ northam resources limited (application withdrawn 21 november 2022)

upcoming coal play - like it, page-21

Currently unlisted. Proposed listing date: 16 DECEMBER 2022 12:00 PM AEDT##
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    Copy and past from first post here back at 4c level, vendor agreements point to NRL resource potential and where this is going.


    (Post: 5913795)

    Acquisition of exploration leases in very well known and producing coking and thermal coal basin with access to infrastructure.
    Placement to fund exploration well supported by directors and sub holders buying.
    Cashed up and selling non core assets
    Trading at premium to placement with likely accumulation of easy placement stock going on at these levels before exploration kicks off.
    Vendor shares are voluntarily escrowed
    Vendor and broker option ex price is well above placement price and recently traded prices
    Vendor payments linked to NRL success via JORC
    Leverage to strong coal prices and exploration success


    See
    http://www.asx.com.au/asxpdf/20100817/pdf/31ry0wj3f44zlw.pdf


 
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Currently unlisted public company.

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